HK-listed Huaboa leads slide in Chinese vaping stocks after media report

China Boton

05/08/2021 06:42

** Shares of Huabao International Holdings Ltd  0336.HK 
falls as much as 9.7% to HK$17.40, the most among Chinese vaping
stocks 
    ** State media report urges tougher rules on banning
e-cigarette sales 
    ** Huabao stock on course for worst session since July 27
and among the 30-most actively traded by turnover
    ** State news agency Xinhua said many minors were able to
buy e-cigarettes despite a ban on sales to those younger than 18
and cited an expert as saying a tougher crackdown was needed
 urn:newsml:reuters.com:*:nL1N2PC04I
    ** Xinhua said its reporters made unannounced visits to
e-cigarette shops in the northern cities of Tianjin and Shenyang
and found that while all had signs saying sales to minors were
prohibited, enforcement of the rule varied
    ** Other Chinese vaping firms slide with China Botton Group
 3318.HK  falling 4% to HK$3.89, on course for the worst day
since July 27
    ** Smoore International  6969.HK  plunges as much as 7.8% to
HK$36, snapping four straight sessions of gains 
    ** The Hong Kong Hang Seng Commerce & Industry Index  .HSNC 
gains 0.3%, and the healthcare index  .HSCIH  climbs 0.3%
    ** The Hang Seng Composite Index  .HSCI  slips 0.3%, while
the benchmark index  .HSI  edges up 0.03%

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))